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Philanthropic billionaire and his wife have pledged to fund a new park/performance space on a pier to be constructed on the Hudson River, off W. 13th Street, as reported by The Wall Street Journal.
Plans include demolishing the famed but unused Pier 54, former Cunard White Star Line pier where survivors of RMS Titanic were brought, for the new public space that will include wandering paths, a 700-seat waterfront amphitheater and a plaza that can be used for performances.
The Wall Street Journal: On Monday, billionaire businessman Barry Diller ; his wife, fashion designer Diane von Furstenberg; and the Hudson River Park Trust are expected to announce the creation of a $130 million, 2.7-acre pier, public park and performance space near New York’s Meatpacking District.
Construction of the park, financed primarily through the couple’s private foundation, will begin in 2016 and include the demolition of the old Pier 54, which has been unused for years. The new pier will be called Pier55, and Mr. Diller has created an independent foundation that will build, operate and provide cultural programming for it in cooperation with the Hudson River Park Trust.
Read more from the The Wall Street Journal here.
by Mai Armstrong for the Working Harbor Committee